TCS's revenue for the financial year 2011-12 was Rs. 48,894 crore. It thus became the first Indian IT company to cross an annual revenue mark of $10 billion. Its profit for the fiscal was Rs. 10,638 crore.

The company gave a better outlook for the year ahead than its rival Infosys, which announced its results earlier.

About the year ahead and business from key markets such as US and Europe, N Chandrasekharan, CEO & MD, said, "We see a good year. Decisions are happening (by clients to sign IT deals) and there is an easing on spending."

Top executives of the company said it will add 50,000 employees in the current financial year and announced an average hike of 8% for the existing employees. The company has 2,38,500 employees worldwide.